Alibaba bids for rest of Youku Tudou

The deal values the Chinese YouTube-like video-streaming company at more than $5 billion and highlights Alibaba's push to become a major player in online video content.

E-commerce giant Alibaba has tabled an offer to buyout the remainder of Youku Tudou, valuing the New York-listed Chinese video-hosting company at about $5.1 billion.

¬ Haymarket Media Limited. All rights reserved.

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